Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0650%/8h= +71.1% APRpaid last 24h +0.001%

Price spread now: gTrade (Gains Network) against Phemex+0.032%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and gTrade (Gains Network) is 0.032% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BCHUSDT	269.46	−0.0657	get 0.0657% / 8h	7h 26m	$4.9M	$6.5M	50x
Short	gTrade (Gains Network) BCH/USD	269.55	L 0.0000% / S +0.0007%	pay 0.0001% / 1h	26m 07s	$4K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.032%Rate

Funding earned: $136.45
Price spread: +0.032% → 0.000%: $3.19
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $117.64
Costs to cover: 0.220%
Break-even: 1.0 days

Slippage unknown: Phemex: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 3 min ago	2.97 bp	10.6 bp −$11	16.5 bp −$165	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BCH on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BCHUSDTlong	−0.0657%	8h	269.46	long leg	$4.9M	$6.5M	50x
SoDEX BCH-USD	−0.0545%	1h	269.45	−0.004%	$2K	$6K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0354%	1h	269.54	+0.031%	$456K	$266K	25x	as long as short
GRVT BCH_USDT_Perp	−0.0157%	8h	269.17	−0.108%	$392K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0142%	1h	268.85	−0.226%	$73K	$214K	50x	as long as short
Gate BCH_USDT	−0.0140%	8h	269.45	−0.004%	$8.5M	$14.2M	75x	as long as short
Variational Omni BCH	−0.0128%	8h	269.31	−0.057%	$82K	$285K	—	as long as short
Extended BCH-USD	−0.0064%	1h	269.29	−0.063%	$117K	$1.1M	25x	as long as short
Binance BCHUSDT	−0.0060%	8h	269.46	+0.001%	$73.0M	$229.5M	75x	as long as short
MEXC BCH_USDT	−0.0060%	8h	269.87	+0.152%	$70.7M	$6.6M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0056%	1h	269.29	−0.063%	$228K	$2.0M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	269.66	+0.072%	$859K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0042%	8h	269.50	+0.015%	$39.9M	$32.5M	75x	as long as short
HTX BCH-USDT	−0.0031%	8h	269.27	−0.071%	$782K	$1.6M	75x	as long as short
Bitget BCHUSDT	−0.0017%	8h	269.39	−0.026%	$19.3M	$29.1M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	269.34	−0.043%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.77	+0.115%	$1.1M	$10.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USDshort	L 0.0000% / S +0.0007%	1h	269.55	+0.032%	$4K	—	150x
Nado BCH-PERP	+0.0013%	1h	269.10	−0.133%	$440K	$420K	10x	as long as short
OKX BCH-USDT-SWAP	+0.0013%	8h	269.30	−0.059%	$26.2M	$76.7M	50x	as long as short
BingX BCH-USDC	+0.0022%	8h	269.46	0.000%	—	$6.5M	—	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	269.47	+0.004%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.275%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0060%	8h	269.04	−0.156%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	269.51	+0.020%	$371K	$530K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.81	+0.130%	$6.1M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.44	−0.007%	$178K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.31	−0.056%	$164K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.46	0.000%	$8.8M	$7.7M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.77	−0.256%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.17	−0.108%	$2K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0451%	1h	269.59	+0.049%	$25K	—	100x	as long as short